US Bancorp DE Sells 1,130 Shares of Aon plc $AON

US Bancorp DE reduced its stake in shares of Aon plc (NYSE:AON - Free Report) by 3.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 30,939 shares of the financial services provider's stock after selling 1,130 shares during the period. US Bancorp DE's holdings in AON were worth $11,038,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AON. Financial Gravity Asset Management Inc. purchased a new position in shares of AON in the 1st quarter worth about $28,000. Saudi Central Bank bought a new position in AON during the first quarter valued at approximately $31,000. Pinnacle Bancorp Inc. grew its position in AON by 56.9% during the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 33 shares during the last quarter. HHM Wealth Advisors LLC raised its position in AON by 54.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock worth $33,000 after purchasing an additional 29 shares during the period. Finally, Tsfg LLC purchased a new position in AON in the 1st quarter worth $37,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AON has been the subject of a number of recent research reports. Wolfe Research initiated coverage on AON in a research note on Monday, September 15th. They issued a "peer perform" rating for the company. Weiss Ratings reissued a "buy (b-)" rating on shares of AON in a research note on Wednesday. TD Cowen dropped their price objective on AON from $427.00 to $419.00 and set a "buy" rating for the company in a research note on Wednesday, September 17th. Wells Fargo & Company dropped their price objective on AON from $451.00 to $448.00 and set an "overweight" rating for the company in a research note on Wednesday. Finally, Piper Sandler increased their price objective on AON from $393.00 to $413.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $420.00.

AON Stock Performance

AON stock opened at $359.82 on Friday. The stock has a market cap of $77.59 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 2.14 and a beta of 0.89. The stock's 50 day simple moving average is $364.41 and its two-hundred day simple moving average is $362.78. Aon plc has a fifty-two week low of $323.73 and a fifty-two week high of $412.97. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.52 and a current ratio of 1.52.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.40 by $0.09. AON had a net margin of 15.54% and a return on equity of 50.91%. The company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same period last year, the business earned $2.93 EPS. AON's quarterly revenue was up 10.5% compared to the same quarter last year. As a group, analysts expect that Aon plc will post 17.21 earnings per share for the current fiscal year.

AON Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.

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